Mandarake sells second hand goods mostly related with manga and anime. Its stock has gone up almost 400% in the last few years, and still goes strong. Let's see why.
Very bullish on Japanese culture / anime / weeb content, but I think the IP owners are the better play, but this is a fascinating company! Emphasis on collectibles (lots of old media) and treasure hunt nature of their stores could translate into big success. Who could have guessed the TJ Maxx / Ross model in the U.S. would be so successful. Mandrake has the same vibes of you never know what you'll find, so it's always a fun destination to visit. Enjoyed the write up!
I agree in general (and that's why I am bullish IG port, because of their transition to part-owner of IP). But in the case of Mandarake, I think it is a good way to bet on the expansion of the collectors market (and them being a door to the Japanese pre-owned market for foreign collectors)
Very bullish on Japanese culture / anime / weeb content, but I think the IP owners are the better play, but this is a fascinating company! Emphasis on collectibles (lots of old media) and treasure hunt nature of their stores could translate into big success. Who could have guessed the TJ Maxx / Ross model in the U.S. would be so successful. Mandrake has the same vibes of you never know what you'll find, so it's always a fun destination to visit. Enjoyed the write up!
I agree in general (and that's why I am bullish IG port, because of their transition to part-owner of IP). But in the case of Mandarake, I think it is a good way to bet on the expansion of the collectors market (and them being a door to the Japanese pre-owned market for foreign collectors)
I really like your storytelling stock analysis style!
Thanks Rei!